Fantastic to see the case made today in City AM for how impact investing could help an incoming government address its social and environmental priorities. Plus great stats in this post from Dominic Llewellyn on the potential economic benefits. Sir Stephen Timms, former Chief Secretary to the Treasury and Chair of the Work and Pensions Select Committee, explains how, "a strategic partnership between Government and the impact economy is essential to mobilising the resources, expertise, and innovation to drive transformative progress." He highlights the power of using public money to attract private capital, so there is more investment going where it is most needed - into communities across the UK, housing, and green energy. At the Impact Investing Institute, we work to accelerate this approach to investment. We partner to come up with fresh solutions that help private finance address societal challenges like preventative health, left-behind neighbourhoods, and a fair transition to net zero. There are plenty of models for how we can do it, and plenty of appetite to do more of it. Let’s harness this opportunity, and embed and extend this way of working across government and the private sector to unlock resources towards shared goals at scale. #ImpactEconomy #ImpactInvesting
Partnering with governments, corporates, philanthropists, and investors to create impact | Helping purpose-driven organisations build highly capable, budget-friendly tech teams.
Really interesting to see former Chief Secretary to the Treasury Sir Stephen Timms champion the creation of an Office for the #ImpactEconomy in City AM. With constrained public spending, the next government has a game-changing opportunity to harness the power of the #ImpactEconomy — a coalition of purpose-driven businesses, social & impact investors and philanthropists — to unlock a potential £700 billion for national priorities. Prioritising partnerships with philanthropists, businesses and social & impact investors could help tackle the UK’s most pressing social, environmental and economic challenges. Here’s what an Office for the #ImpactEconomy could help achieve: ⬆️ Increase philanthropy to 2% of GDP 📈 Boost UK GDP by £149 billion and business R&D by £116 billion annually, and increase capital investment by £86 billion 💷 Support a £5.3bn pay rise for the lowest paid 💡 Unlock up to £50bn in social impact investment to tackle social issues and inequalities 🏢 Boost employment and reduce benefits payments by nearly £1 billion 🏡 Increase social housing availability tenfold by 2035, contributing £50 billion towards social & affordable housing 🌱 Double environmental philanthropy to £5.4 billion 🎯 Establish a £1bn Missions Fund for social outcomes partnerships to tackle child poverty, reduce reoffending and improve youth outcomes, generating nearly £9 of public value for every £1 spent 🏥 Deliver around £2 billion of fiscal savings on health spending 📢 Show your support by re-sharing this post with #ImpactEconomy. Sir Stephen Timms’s article is online here https://lnkd.in/edMEVcCq 🔁 Please do reshare if you’re interested in promoting the #ImpactEconomy
Trustee and Executive Director, Africa Place & Equity Cities Foundation
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